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'Mega projects won't impact Downtown popularity'

02.12.2014
'Mega projects won't impact Downtown popularity'
According to the chief of Emaar, Downtown Dubai will not be affected by the growth in Dubai through its mega projects.

The chairman of Emaar Properties, Dubai’s largest developer, has ruled out any adverse impact of new mega development on Downtown Dubai, which houses Burj Khalifa and Dubai Mall, Emirates 24/7 reported.
“Cities grow… we have done Downtown Dubai and now we will participate in its growth. (We will) make sure that we look after Downtown Dubai and do something special as the city grows,” Emaar Properties Chairman Mohamed Alabbar told ‘Emirates24|7’ ruling out the possibility of any adverse impact on tourism and business in its Downtown Dubai district.
“It is such a privilege. The city of London is still the city of London… it’s growing. People develop bigger and better (projects) so I am happy that we are part of it,” he emphasized.
In October, Alabbar said property prices in Dubai were cooling down but ‘price spikes did scare him’.
“In 2013, things went crazy because supply was limited. As a long-term developer, this spike scares me. I am glad that people are saying that 'the market is cooling down', and that is healthy,” Alabbar had said.

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1 hour

Contract of the lessee and agency.

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Ad placement

1 day

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1 hour

Contract of the lessee and agency.
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Signing of the lease agreement
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-5% agency commission of the annual contract price

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1 hour

Contract of the tenant and agency.
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~ 2 weeks secondary

~ 3 weeks new building

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Registration of the contract of purchase / sale
Customer charges:
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1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

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None

the management process
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Contract of the owner and agency
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1 year

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